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LinkedIn CEO hints at IPO

Dan NyeDo you ever stop and feel sad for Friendster? Me either, but if there was any room in your tiny, cynical hearts, you could. Yet another social network that's not the original is talking about taking big money moves. This time it's LinkedIn. CEO Dan Nye recently told Newsweek the company isn't interested in acquisition offers, but that an eventual IPO is likely. The only potential hitch, of course, is Facebook's newfound popularity among business professionals.

Facebook's fastest growing demographic are those 25 and older. Members can now check off "networking" as an interest in their profiles. But Nye said he's doesn't feel threatened. Why?

Semantics. Facebook, he explains, is a social network. LinkedIn is for professional networking, he said. Oh. OK, so that doesn't really explain anything. But we'll help. One actual reason Nye can be optimistic is that unlike Facebook, some members find LinkedIn's service worth paying for. Nye said premium memberships will have grown 300 percent by the end of 2007. That's because LinkedIn is essentially a business-to-business play, which some human resource departments depend on to help find new talent. Of course, Nye didn't give actual numbers for premium memberships. It's easy to grow 300 percent if you buy a membership and get three friends to sign up.

11:38 AM on Fri Oct 26 2007
By Nicholas Carlson
987 views
2 comments

Comments

  • There isn't an "original" social network amongst the new post-crash crop. Ryze, SixDegrees at least preceeded Friendster by a while, despite friendster's nailing the mass market.

    (Six Degrees, BTW made the fuckedcompany book with an $189M exit..no shame there, either)

    LinkedIn was launched pretty close to friendster, and is certainly not a friendster knockoff. Thise guys build something pretty vaulable over several years.

    Jonathan certainly kicked ass with the first year of two with friendster, but LinkedIn was no slouch in growth or PR (I know, I competed with LinkedIn as a co-founder of Spoke back in the day).

  • linkedin will always be ok just because professional profiles aren't private or blocked like facebook makes them

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